Czech day ahead falls on solar generation, water levels for power generation rise in Serbia

Published on 20. April 2011., Uncategorized

Czech day ahead power declined on Tuesday as solar generation pulled prices lower, although they remained at strong levels as wind capacity was low, traders said.

Electricity for Wednesday delivery fell to around 55 euros per megawatt hour in the over-the-counter market from 56.50 euros. Day ahead power traded at 55.25 euros on the Prague-based Power Exchange Central Europe.

“Solar drove spot lower but it still remained strong,” one trader said. “There is almost no wind.”

Further along the curve, the front month held steady at 55.10 euros but Cal ’12 baseload declined almost 2 percent to 54.85, dipping fuels. The benchmark German Cal ’12 contract fell 95 cents to 57.80.

Around the region, the energy trading arm of France’s EDF (EDF.PA: Quote) and Polish brokerage IDM have joined the Polish Power Exchange (PolPX), allowing them to trade spot and futures contracts.

On POLPX, day-ahead fell to 217.09 zlotys from 220.4 zlotys with 50,130.10 MWh traded. An auction on Hungary’s HUPX exchange cleared 9,224.80 MWh of electricity for Wednesday for 56.45 euros from 58.08 euros.

In Serbia, water levels for power generation mainly rose from last week and are expected to fall through April 26, the Balkan country’s hydrometeorological service said in a weekly report.

Brent crude futures fell just more than $2 to as low as $119.40 a barrel on Tuesday afternoon as economic worries kept prices under pressure.

EU Allowances for December delivery, the bellwether carbon contract, were down 7 cents to 16.60 euros a tonne at 1342 GMT.

Source balkans.com